Thu Feb 27 2020
This week the median list price for Redondo Beach, CA 90277 is $2,169,000 with the market action index hovering around 39. This is less than last month's market action index of 42. Inventory has held steady at or around 24.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$2,169,000|
|Per Square Foot||$824|
|Days on Market||79|
|Slight Seller's Advantage|
The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$3,749,499||4,037||6,500 - 8,000 sqft||4||6||13||0||1||168|
|$2,447,000||3,693||4,500 - 6,500 sqft||4||4||16||1||0||51|
|$1,900,000||2,807||4,500 - 6,500 sqft||4||3||19||0||0||67|
|$1,374,000||1,589||6,500 - 8,000 sqft||3||2||68||3||3||29|